AB209small business assignment 5 Brenda Russell

AB209small business assignment 5 Brenda Russell - Name...

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Name Brenda Russell Course  Small Business Section AB209 Date 7-Jul-11 Name of Business Rainbow Shaved ice Profit and Loss Projections Yr 1 Yr 2 Yr 3 Income 50000 60000 65000 Expenses Salary (owner(s) 12000 13000 14000 Payroll (employees) 4000 5000 6000 Outside services 500 550 500 Supplies 10500 11000 12000 Repair and Maintenan 2000 2500 2075 Advertising 1100 1500 1800 Rent (not mortgage) 3600 3600 3600 Telephone 480 480 480 Utilities 2000 2000 2000 Insurance 1200 1300 1300 Taxes 1200 1275 1300 Interest (on loans) 600 690 700 Other 42895 45755 Total 39180 42898 45755 Profit 10820 17105 19245 Summary Statement Sources of Capital Owners' and other investments  $10,000  Bank loans  32,000  Other loans  8,000  Total Source of Funds  $50,000  Startup Expenses Buildings/real estate  $3,600  Leasehold (rental) improvements  2,000  Capital equipment  1,000  Location/administration expenses  3,000  Opening inventory  4,000  Advertising/promotional expenses
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This note was uploaded on 10/20/2011 for the course BUISNESS ab202 taught by Professor Millazzo during the Spring '11 term at Kaplan University.

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